Awnings Market Size Share Emerging Trends Increasing Growth By Product By Type Forecast 2023

Market Overview

According to Market Research Future (MRFR), the global awnings market is expected to reach USD 10 billion at a CAGR of around 5.8% from 2018 to 2023 (forecast period). COVID-19 impact on the global awnings market has been broken down by major regions, with detailed market estimates focused on products/applications on a regional basis.

Awnings can offer some advantages in both indoor and outdoor construction, depending on the material used. These are made from aluminum to canvas in both fixed and retractable variants. Awnings are commonly used to protect wooden doors, window frames, and door frames from damage caused by rain and moisture and stop rain from leaking inside. In addition, the awnings help reduce the direct heat from the sun that passes through the windows, reducing the energy costs during the summer, mainly when using retractable awnings. The aesthetic appeal of the awnings further broadened the spectrum of both residential and non-residential construction.

Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/7349

Market Dynamics

The global market for awnings is expected to see substantial growth as a result of growing usage in the residential and commercial sectors. There is an increasing demand from commercial spaces such as shops, hotels, and residential areas. This is due to the durability and exclusive design that is expected to fuel demand growth in the next five years.

Market Segmentation

The global awnings market has been segmented based on type, product, and end-user.

Based on type, the market has been segmented into fixed and retractable. The retractable awning segment is projected to dominate the global market for awnings. Retractable awnings are used to protect outdoor areas from sunlight while improving the efficiency of the HVAC system. These also deliver longer lifespans relative to their fixed counterparts. These can be retracted on days when the weather is particularly stormy and windy.

Based on the product, the market has been segmented into patio, window, freestanding, and others. The patio segment had the highest market size contribution and is projected to display a substantial growth rate during the assessment period due to a rise in the installation of retractable awnings in the residential and non-residential sectors. A patio is used for events such as parties, gatherings, etc.

Based on end-user, the market is classified into residential and non-residential. The residential segment is projected to show the fastest growth in the 2018-2023 forecast period. The growing investment by international and domestic developers on various residential projects has been reported. This, in effect, has created a lot of demand for awnings in the residential segment and therefore, the segment is expected to make a major contribution over the forecast period.

Regional Analysis

The global awnings market has been segmented into regions of North America, Europe, Asia Pacific, and Rest of the world (RoW).

The Asia Pacific held the largest share of the global market for awnings in 2017. It is due to the increase in advanced materials in R&D in these countries. The region has seen an increasing number of awning installations with a rising number of construction projects in commercial and residential construction in countries such as China and India. This is expected to increase demand for awnings in the Asia Pacific region in the immediate future.

North America had a large market in 2017 due to factors such as increased private construction and related benefits such as decreased prices, energy savings, and durability of the awning installation.

Browse complete report @ https://www.marketresearchfuture.com/reports/awnings-market-7349

Key Players

Key players include Advanced Design Awnings & Signs (US), Eide Industries, Inc. (US), Awning Company of America, Inc. (US), Sunesta (US), Carroll Awning Co., Inc. (US), Nuimage Awnings (US), Sunsetter Products LP (US), Marygrove Awnings (US), and KE Durasol Awnings Inc. (US). 

Company name: Market Research Future

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

Company name: Market Research Future

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Truck Rental Market Information by Truck Type (Heavy Commercial Vehicle and Light Commercial Vehicle), Lease Type (Finance Lease and Full-Service Lease), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World)- Forecast till 2024

Market Overview The truck rental market is anticipated to grow rapidly at a CAGR of 15.3%  during the forecast period. The global truck rental market is driven by continuously increasing demand for trucks from different industry verticals and rapid population growth. These factors have helped shape the truck rental market and are expected to boost the growth. Companies in the truck rental market could also face challenges such as hidden operational risks as well as lack of service truck rental providers. The details covered in the global market report cover all the aspects of the industry. truck rental market analysts have also shared growth projections in the report and have suggested truck rental market players to plan growth strategies accordingly. Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/7825 Market Segmentation The global truck rental market has been segmented based on truck type and lease type. On the basis of truck type, the market f...
Read more

Logistics Market Share Size Increasing Demand Industry Growth Forecast 2023

  Market Synopsis  As per the research by Market Research Future Reports (MRFR), the global logistics market 2020 is majorly driven by the advancement and development of international trade flow. The Global Logistics Market is estimated to expand at a CAGR of 7.2% during the review period. The expansion in worldwide trade has augmented the market size. Moreover, the trade policies implemented by the government are also assisting in the expansion of the market. Advancements made in shipping, port-services, warehousing, transportation sector have also played a significant role in the expansion of the market. The impeccable expansion of the e-commerce sector is a remarkable element amplifying the expansion of the global logistics market. Moreover, the demands of consumers have magnified due to the increasing demand for international as well as local commodities. The market is growing exponentially due to the robust globalization along with population growth.  However, D...
Read more

Water and Wastewater Pipe Market is Anticipated to Attain 6.53% CAGR Increasing Construction Activities Worldwide Drives Forecast 2024

Market Overview According to Market Research Future (MRFR), the global water and wastewater pipe market is estimated to expand at 6.53% CAGR from 2018 to 2024 (forecast period). This report provides a complete and accurate description of the impact of COVID-19 on the global water and wastewater pipe market. Water and wastewater pipe market is an integral part of the industrial and commercial sectors. As infrastructure development activities increase, there is also a growing demand for water and wastewater pipes. Increased maintenance also allows for effective water management systems. With the rise in global populations and urbanization, the water demand has also risen, resulting in the rapid growth of this market. Industrial toxic waste pollutes drinking water sources, increasing the need for proper water channeling. Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/7997 Market Dynamics Increasing residential and commercial construction activities ac...
Read more